As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org

BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.

Gifts up to USD 2000 per financial year can be sent on the basis of self-declaration, Gifts / Donations can also be sent under Liberalized Remittance Scheme (LRS) up to USD 2,50,000 in a financial year. Investment by an Indian resident individual in overseas companies would be sub-summed under the Scheme of USD 2,50,000.

The limit for money transfer from India to abroad is up to US$ 250,000 or its equivalent for the patient going abroad for medical treatment or check-up abroad. Up to US$ 25,000/ equivalent for attendant accompanying the patient going abroad for medical treatment/check-up within the overall limit of USD 250,000.

As an Indian, the limit to Transfer money from India is US$ 2,50,000 or its equivalent per annum (as long as the limit is not consumed/ part consumed in any other purpose stated under LRS) towards tuition fees, maintenance expenses books, etc.

The permissible purposes to transfer money abroad through BookMyForex.com are as follows:
   1.Maintenance of Close relatives abroad
   2.Education Abroad
   3.Medical Treatment Abroad
   4.Immigration Abroad
   5.Employment abroad
   6.Fees for examinations like GRE/GMAT/TOEFL
   7.Other Travel Including Holiday Trips
   8.Travel for education
   9.Travel for Medical Treatment

An international money transfer from India can be sent through the following modes:
   1. Wire Transfer from India (You Send Money online by doing a Bank to Bank Transfer of Money)
   2. Foreign Currency Demand Draft.

You can Transfer Money Overseas to the below-mentioned persons:

(a) Members of your Hindu undivided family.
(b) Your spouse.
(c) You are related to the beneficiary in any of the manners indicated below:
   1. Father (including step-father).
   2. Mother (including step-mother).
   3. Son (including step-son).
   4. Son's wife.
   5. Daughter.
   6. Daughter's husband.
   7. Brother (including step-brother).
   8. Sister (including step-sister).

Person resident in India' is identified as a person resident in India for more than 182 days during the preceding financial year in section 2(v) of FEMA, 1999, but does not include the following:

A person who has left India or who, in either case, remains outside India -

* For taking up work outside India
* For having a business or vocation outside India

For some other reason, his/her intention to remain outside India for an uncertain duration would be indicated in such circumstances.

An Outward Remittance is a money transfer to a beneficiary account outside of India (except for Nepal and Bhutan) for a purpose authorised under the FEMA (Foreign Exchange Management Act) of money in foreign exchange by a resident of India or an NRI (Non-Resident Indian). For various purposes, including education, emigration, maintenance of close relatives, international travel, gifts, medical care, donations, etc, you may send money from India abroad to a beneficiary. This whole process is termed as Outward Remittance.